Data Center Cooling Market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2023

Data Center Cooling Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 – 2030- The increasing penetration of 4G and 5G networks along with surge in number of data centers are the key driving factors of the data center cooling market.The Global Data Center Cooling Market was valued at USD 10.49 billion in 2019 and is predicted to reach USD 34.02 billion by 2030 with a CAGR of 11.2% during the forecast period.

Increase in the number of data center establishments has paved the way for cooling solutions.

The growing popularity of data center cooling solutions has triggered more cost effective and eco-friendly alternatives.

Additionally, technological advancements along with improvement in IT infrastructure are also expected to boost the market growth.Access Full Description of this report at:-https://www.nextmsc.com/report/data-center-cooling-marketThe major market players of the data center cooling are Asetek, Black Box Corporation, Emerson Electric Co., Fujitsu Limited, Hitachi Ltd., Nortek Air Solutions, Rittal GMBH and Co. KG, Stulz GMBH, Schneider Electric, Vertiv Co. and more.The data center cooling market is segmented on the basis of component, type of cooling, type of data center, industry vertical and geography.

Service is sub segmented into installation and deployment, support and maintenance and consulting.

Based on type of data center, the market has been segmented into enterprise data center, colocation data center, wholesale data center, hyper-scale data center and other data center.

Growth Boosters and Key BarriersDatacenter operators make extensive use of cooling systems for ensuring that the temperature stays within the acceptable level across data centers.

The cooling system helps dissipate the heat energy within data processing, preventing the damage that can be caused due to the overheating of the equipment.Datacenter cooling is increasingly gaining favor among data center operators owing to its eco-friendly properties, cost-effectiveness as well as energy efficiency.

These projects are aimed at driving digital transformation as well as economic growth in the area.

These types of government-backed initiatives can be a significant growth booster in the global market for data center cooling systems.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1913 Leading VendorsHitachi, Ltd. (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), The Mitsubishi Group (Japan), Asetek A/S (Denmark), 4energy (UK), 3M (US), Degree Controls (US), The Heico Companies LLC (US), Fujitsu, Ltd. (Japan), Vertiv Co. (US), IT Aire, Inc. (US), Wakefield-Vette, Inc. (US), Cloudsite Intelligent Data Centers (US), HP Development Company L.P. (US), are the major industry participants listed in the report.

This is achieved via the use of free-air cooling technique, which allows the chillers to remain shut at least 75% of the time.Furthermore, the mounting pressure from various government agencies, the general public and environmentalists also compels the companies to take green initiatives.

May 07, 2019: The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc.

Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth.

For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country.

For instance, Apple's North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives.

Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth.

However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.Browse Full Report With TOC @ https://www.radiantinsights.com/research/data-center-cooling-market Further key findings from the study suggest:Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networksFurthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growthMiddle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniquesSeveral IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle EastEurope is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countriesThe raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co.

With reference to the report published by the professionals, the scope of the global Data Center Cooling Market was priced at US$ 8.6 billion in 2018 and is estimated to touch US$ 20.7 billion by the completion of 2025.

It is estimated to record a CAGR of 13.5% during the period of forecast.The issues for example growing necessity for energy effectual data center amenities, increasing funds by the providers of colocation service and managed service and growing creation of hyper scale data centers are projected to motivate the data center cooling industry.

This is too estimated to increase the development of the market for data center cooling.Furthermore, increasing emphasis on the development of price effective and eco-friendly data center arrangements can motivate the data center cooling market, during the period of upcoming years.

Growing organized and formless information in the establishments and greater acceptance of cloud computing are likewise expected to upkeep the development of the market for data center cooling, during the period of approaching years.Increasing demand for eco-friendly data center arrangements and increasing necessity for energy effective cooling arrangements are the important motivating reasons within the market.

Furthermore, growth in the concentrations heat energy and discharges of dangerous gasses are estimated to restrain development of the data center cooling industry.But, the usage of liquid cooling solutions, those make use of cutting-edge engineered coolants to decrease carbon impression, is estimated to increase the development of the market for Data Center Cooling, during the period of upcoming years.Classification:The global data center cooling market can be classified by Structure, Containment, Application, Product, Type of Data Center, Service, Solution and Region.

By Application it can be classified as Energy, Healthcare, IT, BFSI, Retail, Telecom Manufacturing, Defense & Government, Academic & Research, Transportation & Logistics, Media & Entertainment and Others.

According to a new market research report ”Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021” , published by MarketsandMarkets™, The data center cooling market is estimated to grow from USD 7.12 Billion in 2016 to USD 14.28 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.95%.Data center cooling solutions can improve the overall efficiency of data centers by lowering energy and operational costs.

The data center cooling market is projected to witness decent growth due to the advantages provided by these solutions in cooling high-power density data center facilities.Browse 66 market data tables and 43 figures spread through 147 pages and in-depth TOC on “Data Center Cooling Market by Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021”Major Key PlayersThe report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market.

Some of the major technology vendors include Schneider Electric SE (France), Black Box Corporation (U.S.), Nortek Air Solutions, LLC (U.S.), Airedale International Air Conditioning Ltd. (U.K.), Rittal GmbH & Co. KG (Germany), STULZ GmbH (Germany), Vertiv Co. (U.S.), Asetek (Denmark), AdaptivCOOL (U.S.), and Coolcentric (U.S.).Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1038The air conditioning segment to have the largest market size during the forecast periodAmong solutions, the air conditioning segment is expected to have the largest market size from 2016 to 2021.

This high growth is due to the rapid adoption of data center cooling solutions in enterprises and large data centers, which require third-party assistance for the maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.Mid-sized data center cooling providers are helping data center operators handle their data center cooling requirements efficiently.

Government and defense agencies across the globe are increasingly requiring cooling solutions for their data centers that can sustain harsh environments.

Data center cooling solutions, including liquid cooling, are an effective alternative due to which they are expected to provide new growth avenues for vendors targeting this segment.Asia-Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period.